Israel and Iran agree to a ceasefire
cnbc.com —
President Trump announced a ceasefire between Israel and Iran, aiming to end a 12-day conflict marked by escalating strikes. The agreement, posted on Truth Social, is slated to begin around midnight Tuesday. The ceasefire followed a series of events, including U.S. airstrikes on Iranian nuclear sites and Iran's retaliatory missile strike on a U.S. military base in Qatar. Iran gave the U.S. and Qatar advance warning of the attack. Markets reacted positively to the news, with U.S. stocks rising, while oil prices fell. The situation reflects a "peace through strength strategy," with all parties projecting strength through symbolic strikes.